By: Ahmad Awad

Kuwait-Mubasher: Tamdeen Real Estate’s ordinary general meeting (OGM) agreed on paying 10% cash dividends and distributing 5% bonus shares for the fiscal year 2014.

The OGM agreed on raising Tamdeen’s financial surplus to 95% from 25%.

Tamdeen posted KWD 7.4 million ($24.6 million) profits in 2014, compared to KWD 4.42 million ($14.7 million) in 2013.

The company’s capital amounts KWD 39.18 million, distributed on about 391.8 million shares with a par value of 100 fils a share.